In July 2017, the Swiss-based online bank was credited by many with becoming “the first” European online bank to launch Bitcoin (BTC) trading accounts for its clients.
Finews attributes Swissquote’s bullish growth in Q1 2018 to a “brisk demand” for crypto products and the soaring fortunes of crypto markets earlier this year.
Net new capital inflows were a solid 60 percent above the previous year, hitting CHF 2.4 billion ($2.43 billion).
Swissquote’s crypto ETP is listed on the country’s largest stock exchange, the Six Swiss Exchange.
This June, Hypothekarbank Lenzburg became “the first” Swiss bank to provide business accounts to blockchain and cryptocurrency companies, after close consultation with local regulator the Swiss Financial Market Supervisory Authority (FINMA).
With Coinbase’s assets under management (AUM) now surpassing $420B—more than what the 21st largest US bank holds—it’s clear that the crypto industry has moved beyond the realm of niche interest.
Bank of America states the U.S. economy is headed for instability as Donald Trump enters office, despite the strong employment and retail sales data being disseminated. This has brought renewed focus on the future of the crypto market. Will it thrive?
As sanctions bite, Bank of Russia’s Nabiullina calls for faster adoption of crypto laws that would enable international transactions in crypto and digital financial assets. Russian central bank governor Elvira Nabiullina has urged Russian lawmakers to fasten the approval of…
De Nederlandsche Bank (DNB) revealed it imposed an administrative fine on centralized exchange Crypto. com after it allegedly operated and provided crypto services illegally for over two years in the Netherlands.
Centeno stressed the need for international cooperation to establish a robust regulatory framework.
He also expressed skepticism about the democratizing potential of digital assets.
The HeadThe post Portugal's central bank chief calls for global crypto regulations appeared first on AMBCrypto.
Hong Kong warns crypto firms against using the word “bank” The Hong Kong Monetary Authority (HKMA) says only licensed banks can take “deposits. ” Using terms such as digital bank, crypto bank and crypto asset bank contravenes the Banking Ordinance.
Kapital Bank and Ravnaq Bank got approval from the National Agency for Perspective Projects to participate in the digital sandbox of crypto regulation.
Brazil’s President, Luiz Inacio Lula Da Silva, has taken a significant step toward clarifying the regulatory landscape of crypto in the country. With the recent signing of legislation, the roles of the Central Bank in overseeing the crypto industry will be clearly defined, granting the bank the authority to supervise crypto firms. Additionally, the regulation […]
The bank says lawmakers should take advantage of existing regulations that cater to systemic risk and enforcement action for example, as well as stresses the need for crypto specific ones.
Here is a super quick rundown on how to buy Bitcoin with Merrick Bank. It is possible to buy Bitcoin and crypto with M&T Bank by following these steps: In this article, we’ll discuss how you can buy Bitcoin and crypto with M&T Bank, what fees are involved, and whether they accept crypto or not.
Hong Kong's foremost digital bank, ZA Bank, is reportedly poised to extend its virtual services to include crypto accounts and enable conversions between crypto and fiat currencies.
After the recent collapse of three banks – Silicon Valley Bank, Silvergate Bank and Signature Bank – many pointed fingers at crypto as the cause. But crypto may actually be the solution, not the problem.
Silvergate Bank is being hollowed out as its customers retreat following the disclosure that it has to reassess its financials and may not be a "going concern" within a year. The prominent California-based crypto bank's future gets increasingly murky.
According to the Bank for International Settlements (BIS), the turmoil that affected the crypto market in 2022, leading to billions of dollars in losses, left no discernible mark on the broader financial system. In a February BIS Bulletin, the bank…
One of the few US banks to serve the crypto industry, the Metropolitan Commercial Bank, has today announced that it is ending crypto-related services. The bank said that the move was because of the recent developments in the crypto industry.
The head of the Bank of France stated that the uncertainties in the cryptocurrency markets show the urgency of implementing an obligatory licensing requirement for all crypto businesses.
Starling Bank, a digital challenger bank based in the UK, halted the crypto card payments, citing that crypto activities are “high risk.”
The post Starling Bank Halts Crypto Card Payments Citing ‘High Risk’ appeared first on BeInCrypto.
One of the 12 federal reserve banks in the United States, the Federal Reserve Bank of New York, ran a study to determine the hazards that will outweigh cryptocurrency in 2022. The results concluded that crypto is now safer. Crypto…
According to a recently released report by the Bank for International Settlements, the global banks’ crypto exposure currently stands at around 0.01%. While the numbers seem too low, this is a very promising statistic for the crypto landscape. Bank’s Crypto…
The Philippine central bank sees crypto's potential for improving domestic and cross-border payments, but the authority is still negative about crypto as a legal tender.
The loss of $2 trillion of crypto market cap over a period of months has “underscored the need for enhanced regulation,” the Bank of England’s Financial Policy Committee said.
The Monetary Authority of Singapore is looking into limiting retail participation in the crypto market and restricting leverage trading tools. The Singaporean central bank has already banned crypto marketing in...
Argentina’s central bank, the BCRA, has prohibited all financial institutions from offering Bitcoin or other cryptocurrency services to clients. According to a Thursday announcement, the bank noted that the measure was taken in a bid to mitigate the risks associated with cryptocurrencies.
Argentina’s largest bank has embraced crypto and will allow its customers to begin purchasing four crypto assets including Bitcoin through their accounts at the bank.
“In the medium-long term, I expect engagement with crypto to accelerate prompted by a clearer regulatory environment,” SEBA Bank's Christian Borel told Cointelegraph.
With authorities in India still unsure on how to deal with the crypto industry, the apex bank of the Asian country has reportedly made it clear that it would prefer the country to tow the China path by completely banning crypto.
Crypto has “all the makings of something that could become” a financial stability risk, says Bank of England Governor Andrew Bailey.
The post BoE Wants to Bring Stablecoins Into Bank’s Regulatory Remit, Urges Institutions To Take A “Cautious Approach” To Crypto Adoption first appeared on BitcoinExchangeGuide.
A strategist at the Bank of America, Haim Israel, in a recent interview has declared that the new buzzword in the crypto space, Metaverse, holds a lot of potential for the crypto industry and it could be the niche that would drive the global adoption of the space.
Commonwealth Bank (CBA) will start offering its customers a service that would allow them to buy sell and hold cryptocurrencies directly through its banking app. According to the Wednesday announcement, the bank said that it had partnered with New York-based leading crypto custodian and exchange firm Gemini and leading blockchain and crypto data solutions firm […]
The Federal Deposit Insurance Corporation has its eyes set on cryptocurrencies. A team of U. S. bank regulators will be teaming with other agencies to coordinate policies for how and under what circumstances banks can engage in activities involving crypto.
Brazilians have already bought more than $4 billion in crypto this year up to August, as per the central bank report.
The post Brazil’s Central Bank Governor Expects Crypto Investment in Country to Surpass Billion first appeared on BitcoinExchangeGuide.
Bank of America released their latest crypto report this week, as Bitcoin returns north of $50K. BofA strategists Alkesh Shah and Andrew Moss described the crypto market as “too large to ignore” and that “there could be more opportunity than skeptics expect.
The Deputy Governor of the Bank of England said they would front-run rules from the Basel Committee on capital backing of crypto assets.
The post Bank of England Says Britain to Front-Run Rules on Crypto appeared first on BeInCrypto.
The Bank of France governor Francois Villeroy de Galhau has called on the European Union to create a regulatory framework for cryptocurrencies. According to him, if Europe does not make crypto regulation a priority, there could be dire consequences for the monetary sovereignty of states.
Danske Bank will not block credit cards used in crypto trading, according to its newly announced position on cryptocurrencies. The Danish bank would also accept deposits related to crypto investments, although it follows a cautious approach towards decentralized digital assets.
The biggest bank in Europe just dealt another sordid blow to Bitcoin, as it joined the league of Crypto pessimistic financial institutions, declaring a general unwillingness to add the apex crypto coin to its asset class.
The 103-year-old bank wants to hold crypto for asset managers and hedge funds as Wall Street begins offering cryptocurrency products to institutional clients.
After the well-known crypto crackdown launched by the Chinese government four years ago, it seems there is now a change in the tone from the country’s central bank. At least that’s what has been suggested recently by the deputy governor of the People’s Bank of China (PBoC).
Bitcoin Cash has traded higher in the past 24 hours, surging by more than 30% to lead top gainers among the largest coins by market capitalization. The price of Bitcoin Cash (BCH) rose to an intraday high of $391 during…
Trading volume on Pump.fun, a leading Solana-based token launchpad, plunged 63% in February following a string of high-profile memecoin scams that have eroded investor confidence. Pump.fun volume dropped from $119 billion in January to $44 billion in February, the lowest…
It’s another painful day for Litecoin’s traders and investors as the price plummets by 8% daily following a huge bloodbath overnight. LTC lost momentum and now looks highly bearish on the daily chart.
To comply with European regulations, Binance has stated that it will stop allowing users in the European Economic Area (EEA) to trade pairs involving stablecoins that do not comply with MiCA—basically, non-compliant stablecoins.
Bitcoin Suisse, an institutional-grade crypto services provider, is expanding its digital asset offerings with access to four new tokens. In a March 3 announcement Bitcoin Suisse stated that its clients can now trade and custody The Open Network (TON), Optimism…
ARB saw a little-to-no movement in the past week due to a serious volatility contraction. While this has caused lack of interest in the market, the price may explode massively when the volatility expands.
CME Group revealed the Solana (SOL) futures launch on Mar. 17, pending regulatory approval, citing increasing client demand. Nate Geraci, CEO of The ETF Store, noted that the development “definitely bodes well” for SOL exchange-traded fund (ETF) prospects.
